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Marginal Product of Production Function

Peyton Manning · 2009-01-14 01:22:05

Little bit of help needed here with Microeconomics folks if you dont mind me asking. Ive been asked to find the MP of each input and TRS of the following production functions: Now I think I know what to do. For MP for each input, say for input 1 - do I just differentiate the second input, ignoring the first input? Or am I…

14-01-2009 1:22am

#1

Peyton Manning

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Little bit of help needed here with Microeconomics folks if you dont mind me asking.

Ive been asked to find the MP of each input and TRS of the following production functions:

Now I think I know what to do. For MP for each input, say for input 1 - do I just differentiate the second input, ignoring the first input? Or am I way off?

And also, I havent a clue how to differentiate the second two functions so any help there would be appreciated!!

Im aware that for TRS, its just MP1 over MP2 so no help needed there.

Thanks guys.

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